Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7375 Ulmerton Rd Largo, FL 33771

    • Turn key restaurants
    • 6,204 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5407506
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 7375 Ulmerton Rd

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.87 lot acres
    Property size
    6,204 SF
    Property type
    Turn key restaurants
    APN
    06-30-16-70938-300-1301
    APU
    63016709383001301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7399
    Latitude
    27.8946
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,230
    $0.00
    $0.00
    $1,160,000
    -
    $637,616
    $522,384
    $1,160,000

    Comparable in this City

    • Value Estimation by Request
      3,432 SF

      7800 Ulmerton Rd

      RESTAURANT • 3,432 SF
      7800 Ulmerton Rd, Largo, FL 33771-4057
      View Details
    • Value Estimation by Request
      2,784 SF

      3760 Bay Dr

      RESTAURANT • 2,784 SF
      3760 Bay Dr, Largo, FL 33771-1935
      View Details
    • Value Estimation by Request
      3,923 SF

      2535 Bay Dr

      RESTAURANT • 3,923 SF
      2535 Bay Dr, Largo, FL 33771-2405
      View Details
    • Value Estimation by Request
      880 SF

      6721 Ulmerton Rd

      RESTAURANT • 880 SF
      6721 Ulmerton Rd, Largo, FL 33771-4943
      View Details
    • Value Estimation by Request
      9,952 SF

      10050 Ulmerton Rd

      RESTAURANT • 9,952 SF
      10050 Ulmerton Rd, Largo, FL 33771-4250
      View Details
    • Value Estimation by Request
      9,035 SF

      10500 Ulmerton Rd

      RESTAURANT • 9,035 SF
      10500 Ulmerton Rd, Largo, FL 33771-3544
      View Details

    Similar Nearby for Sale

    • $1,850,000
      17,404 SF

      Largo Commercial Property For Sale

      Two-story commercial property with Bank of America as anchor tenant.
      2600 E Bay Dr, Largo, FL 33771
      View Details
    • New
      $549,900
      2,736 SF

      Largo Mixed-Use Building For Sale

      2,736 SF mixed-use building with recent upgrades and high visibility.
      7949 Ulmerton Rd, Largo, FL 33771
      View Details
    • $2,600,000
      10,696 SF

      Largo Retail Center: High Growth Potential

      10,696 SF Retail Building, 1.41 Acres
      9483 Ulmerton Rd, Largo, FL 33771
      View Details
    • $569,000
      2,480 SF

      Largo Duplex in Lake Palms

      Well-maintained duplex in a quiet Largo neighborhood.
      2824 Meadow View Ave, Largo, FL 33771
      View Details
    • $529,600

      Largo Duplex Investment Opportunity

      Investment duplex in Largo, generating $4350 monthly income.
      3505 Sherwood Dr, Largo, FL 33771
      View Details
    • $350,000

      Renovated Duplex with Income Potential

      Completely renovated duplex, potential for rental or Airbnb income.
      3641 140Th Ave, Largo, FL 33771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      376,664 SF

      Largo Plaza: Retail Space Available

      Prime Pinellas County retail center; multiple suites available.
      0 Ulmerton Rd. & Seminole Blvd, Largo, FL 33771
      View Details
    • $30 SF/Yr
      1,285 SF

      Retail Space in Belleair Bluffs

      Retail space with high visibility and easy access in Belleair.
      2790-2928 W Bay Dr, Belleair Bluffs, FL 33771
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Tri-City Plaza

      Newly redeveloped retail space in a premier shopping center.
      5110 East Bay Dr, Largo, FL 33771
      View Details
    • Contact for pricing
      15,323 SF

      Retail Space in Largo, Florida

      Retail spaces available in redeveloped shopping center anchored by Sprouts.
      2104-2178 East Bay Dr, Largo, FL 33771
      View Details
    • Contact for pricing
      2,784 SF

      Retail Building on Bay Drive

      Freestanding retail building with high traffic exposure in Largo, Florida.
      3760 EAST Bay Dr, Largo, FL 33771
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space Available For Rent

      Retail space available for rent in Largo, Florida.
      3665 E Bay Dr, Largo, FL 33771
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7375 Ulmerton Rd
    Largo, FL 33771
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.